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thank you so much, eamon javers in washington. neither side seems closer to signing on the dotted line so is congress living on borrowed time with the markets as it drags out the process in the next couple of weeks? christopher whalen is with me and says the market will throw a tantrum if we don't get a deal and another says the markets will trade sideways to slightly lower from now until year end. >> you think the markets have actually baked in no deal? >> i think there's likely to be a deal by late december, early january, last minute and the markets are poised to rally. i think they are kind of going sideways the next few days or so. i think they are probably going to rally in the year end, early january and then i'd be worried about a downtown because i think the first quarter will be surprisingly weak in the united states. >> the first quarter will be weak. we already know about the anticipation going into the first quarter. the reason i'm stuck on this question is you think that this is baked in because i think the market is
thank you so much, eamon javers in washington. neither side seems closer to signing on the dotted line so is congress living on borrowed time with the markets as it drags out the process in the next couple of weeks? christopher whalen is with me and says the market will throw a tantrum if we don't get a deal and another says the markets will trade sideways to slightly lower from now until year end. >> you think the markets have actually baked in no deal? >> i think there's likely to...
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$2 million for smithsonian museum leaking roofs in washington, d.c. but museum officials admit they had a leak before the storm. $10 million to repair prisons, but one of them is in west virginia, which sandy barely touched. and $13 billion to protect against future storms. >> we don't want to rebuild a tunnel so that the same storm water can flood in. we want to build it better so there's more protection. >> reporter: while they argue, janet peters wonders who is going to help. david kerley, abc news, washington. >>> and for all of us watching television tonight, something is different. a new law took effect today, lowering the volume of those loudest commercials. let's show you. let's say a tv program is about the sound of this. it's the regular noise in a restaurant. but then, suddenly, a garbage disposal, 20 decibels louder. well, that's about the jarring spike in noise commercials have been delivering. some of them. but as of tonight, those ads are supposed to be about the same level as the show you are watching. so, check it out. >>> and still a
$2 million for smithsonian museum leaking roofs in washington, d.c. but museum officials admit they had a leak before the storm. $10 million to repair prisons, but one of them is in west virginia, which sandy barely touched. and $13 billion to protect against future storms. >> we don't want to rebuild a tunnel so that the same storm water can flood in. we want to build it better so there's more protection. >> reporter: while they argue, janet peters wonders who is going to help....
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dana bash is live in washington, d.c. this morning. 50 minutes and sort of a very milquetoasty kind of statement at the end of it, sounds not good. >> no, not good, considering where we are in the calendacale. i'm told by sources in both parties, a meeting that did not produce any new ideas, more of touching base meeting, the president wanted to talk to the speaker before he went home to ohio, which he still planned to do this weekend, the sources say that the basic problem still is, soledad, after all of the weeks, is democrats still believe republicans have the problem. they need to deal with the debt crisis by raising more revenue, meaning raising more taxes and republicans still think democrats are the problem. they are not offering enough in spending cuts. the issue is, reality, democrats, the president has the most leverage. has had the most leverage, republicans know that. everybody see where is this will probably go. republicans have to give some on the rate increases for the most wealthy. and the question, when i
dana bash is live in washington, d.c. this morning. 50 minutes and sort of a very milquetoasty kind of statement at the end of it, sounds not good. >> no, not good, considering where we are in the calendacale. i'm told by sources in both parties, a meeting that did not produce any new ideas, more of touching base meeting, the president wanted to talk to the speaker before he went home to ohio, which he still planned to do this weekend, the sources say that the basic problem still is,...
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dana bash joins us from washington. speaker boehner plans to go home to ohio today. >> reporter: that's right. he is on his way if not there already. and, you know, you talked about the word frank that was used by both parties, by the white house and by the speaker's office. just like they did over the weekend they put out identical statements, really one sentence statements. diplomatic terms, frank means not so good. and that's the same word that the speaker used a couple days ago to describe their meeting on sunday which we understand from sources was pretty tense. just the fact that they only met for 50 minutes is indicative of the fact that the meeting didn't produce very much. now i understand from democratic sources earlier in the day yesterday that they were going to try to invite the speaker over to the white house to get things moving before he went home to ohio to perhaps put a few of the spending cuts that the speaker has been demanding on the table to try to, you know, cut a -- break this deadlock. doesn't s
dana bash joins us from washington. speaker boehner plans to go home to ohio today. >> reporter: that's right. he is on his way if not there already. and, you know, you talked about the word frank that was used by both parties, by the white house and by the speaker's office. just like they did over the weekend they put out identical statements, really one sentence statements. diplomatic terms, frank means not so good. and that's the same word that the speaker used a couple days ago to...
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and our jessica yellin reports that some in washington believe that a deal has to be done by tomorrow in order to get it through congress before the end of the year. >>> and back here in kabul, afghanistan, where we are taking a look at america's 11-year war, the longest war here in america, where do things stand today? what is the future for afghanistan? one of the main concerns here on the ground is security. just a few hours, we had a stark reminder of that here, when there was a suicide attack right at the entrance of the kandahar airfield. that was a base that the defense secretary, leon panetta had interviewed two years before. the explosion killed one service member and two afghan civilians. the taliban claimed responsibility, calling the bomber a quote/unquote brave fighter. panetta later said terrorists resort to these types of attacks in order to create chaos. well, chaos or not, there are 68,000 american troops who are risking their lives right here in this country tonight. many of them are going to be separated from their family and friends for as long as 15 months, servin
and our jessica yellin reports that some in washington believe that a deal has to be done by tomorrow in order to get it through congress before the end of the year. >>> and back here in kabul, afghanistan, where we are taking a look at america's 11-year war, the longest war here in america, where do things stand today? what is the future for afghanistan? one of the main concerns here on the ground is security. just a few hours, we had a stark reminder of that here, when there was a...
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peter doocy is following this story from washington and there are so many angles to this one. good morning, peter. >> there are. ambassador susan rice was never actually nominated for the job of secretary of state but based on statements president obama made in public hefz believed to be a frontrunner for his nomination. she thinks a potential confirmation process would have been lengthy and disruptive so she says she is out. >> i withdrew my name because i think it's the right thing for the country. i think it's the right thing for the president and putting those things together that makes it the right thing for me and my family. >> president obama said while i deeply regret the unfair attacks on susan rice in recent weeks the position demonstrates strength of her character and admirable commitment to rise above the politics at the moment to put our national interests fist. the american people can be proud to have a public servant of her caliber and character representing our country. republican senator lindsay graham says he respects rice's decision to withdraw her name. gra
peter doocy is following this story from washington and there are so many angles to this one. good morning, peter. >> there are. ambassador susan rice was never actually nominated for the job of secretary of state but based on statements president obama made in public hefz believed to be a frontrunner for his nomination. she thinks a potential confirmation process would have been lengthy and disruptive so she says she is out. >> i withdrew my name because i think it's the right...
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it was so small but this is why people hate washington. >> here is what we don't know. i think we can assume there were two names on the list. and what we don't know is in a world with no static, what was president obama's first choice? in this environment, assuming the president's choice was john kerry, not by default, how would you handle it? >> you would ask susan rice to publicly withdraw from consideration rather than appear to reject her. there is a lot of reporting right now which is usually what happens. there is more communication. that this wasn't something done freelance. it was honest. of course i wanted the job. it is secretary of the state. let's not pretend that i didn't want the job. the question to me is, how much does the secretary of state affect u.s. foreign policy and diploemsy. but we never have gotten to any of that and it is the stupidity of our conversation and on foreign policy, no one wants to talk about the stuff that is happening. >> on the scott brown campaign, he is up against something tough. he has expressed an interest in this. i in vid
it was so small but this is why people hate washington. >> here is what we don't know. i think we can assume there were two names on the list. and what we don't know is in a world with no static, what was president obama's first choice? in this environment, assuming the president's choice was john kerry, not by default, how would you handle it? >> you would ask susan rice to publicly withdraw from consideration rather than appear to reject her. there is a lot of reporting right now...
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post, politicizing, irresponsible distraction, critics of her and in the washington post article, she refers to the debate about her as being a political football. how do we know if she is right or whether or not there is a fair scrutiny of a government employee. >> i think it's always fair scrutiny. everything you say in public when you are a senior government official is open to question. and in fact here, the administration tried to have it both ways. they tried to get their story line out that the killings in benghazi were caused by the muhammad video. when the data showed that that was fantasy, they tried to stonewall past the election to stonewall past the possible nomination of secretary of state and it has fallen apart. susan rice may be an unfortunate victim. but this is all due to the president's own strategy. >> greta: you know, she is withdrawing her name from consideration. she was never nominated. i don't know if the president said he intended to nominate her. this is like eye could submit a letter withdrawing my name from consideration. >> sure, i could sit at home by t
post, politicizing, irresponsible distraction, critics of her and in the washington post article, she refers to the debate about her as being a political football. how do we know if she is right or whether or not there is a fair scrutiny of a government employee. >> i think it's always fair scrutiny. everything you say in public when you are a senior government official is open to question. and in fact here, the administration tried to have it both ways. they tried to get their story line...
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>> tracie potts there for us in washington. thank you. >>> now here's your "first look" at this morning's dish of 1kr578ib1kr57 scrambled politics. grover norquist seems to think we might go over the fiscal cliff and taxes will go up in the new year. he says, quote, january 1st is not the end of the fight, it's the beginning of the fight. former pennsylvania governor ed rendell is not impressed. >> we voted for grover norquist. he is in my judgment the wizard of oz. you peel back the curtain and there's nobody there. >>> the latest nbc news/"wall street journal" poll says 76% would accept raising taxes on those making more than $250,000 a year. only 22% find that unacceptable. >>> we told you about the sequel to the movie "game change." that will be made about this year's presidential election. on "late night with jimmy fallon" he had reaction to that. >> some tv news. hbo is planning a new movie based on the 2012 election, similar to "game change." the network said they're not sure who will be playing mitt romney. then mitt ro
>> tracie potts there for us in washington. thank you. >>> now here's your "first look" at this morning's dish of 1kr578ib1kr57 scrambled politics. grover norquist seems to think we might go over the fiscal cliff and taxes will go up in the new year. he says, quote, january 1st is not the end of the fight, it's the beginning of the fight. former pennsylvania governor ed rendell is not impressed. >> we voted for grover norquist. he is in my judgment the wizard of...
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joining me is "washington post" reporter nia malika harrison. i don't have to call you by your title, which is easier. nia. here we go. watching this thing as of tonight are we looking like we'll get to the cliff if not over it? what would you say right now? end of december how does it look to you watching this thing as an observer? >> right. well, there's certainly a debate inside the white house about whether or not to go over the cliff, whether or not it's actually a politically more advantageous for the white house to actually go over the cliff. maybe that strengthens the president's hand. the same conversation is going on among house republicans about whether or not they would be strengthened if in fact this happens, we go over the cliff. two things happened today, one of think is bernanke came out and started talking about the volatility of the markets. the other thing that happened was boehner essentially came out and seemed to give a non-answer around this question of whether or not he would back just voting on the middle-class tax cuts.
joining me is "washington post" reporter nia malika harrison. i don't have to call you by your title, which is easier. nia. here we go. watching this thing as of tonight are we looking like we'll get to the cliff if not over it? what would you say right now? end of december how does it look to you watching this thing as an observer? >> right. well, there's certainly a debate inside the white house about whether or not to go over the cliff, whether or not it's actually a...
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there's a 25% chance that common sense will break out in washington and we actually get something accomplished before the end of the year. if that's the case, i think there's significant upside to the upper end of the range. there's a better than 50/50 chance we don't get something done before the end of the year whereas we break the bottom of the range. if you're an investor sitting on the sidelines or trying to figure out what to do at this point in time, the sidelines is a very good place to be. very dangerous and very binary. >> 50/50 chance, doesn't seem worth risk. thanks very much. >> well, if you do not think taxes are a big issue in the corporate world then pay attention for a couple of minutes because we have a state that brought back everybody from vacation just to make one company happy. brian schactman has that story. >> reporter: hey, thank you very much. listen, nike is a pretty iconic brand in the country and totally attached to the state of oregon, right? well, they want to expand, and there's all these states looking to poach them. they went to the state of oregon and the gov
there's a 25% chance that common sense will break out in washington and we actually get something accomplished before the end of the year. if that's the case, i think there's significant upside to the upper end of the range. there's a better than 50/50 chance we don't get something done before the end of the year whereas we break the bottom of the range. if you're an investor sitting on the sidelines or trying to figure out what to do at this point in time, the sidelines is a very good place to...
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with brian moynihan in washington. laying out a frimwork where mortgage deduction is not hurt, or not taken away, not limited by any means by capitol hill. >> there's a lot of worries about the interest margin for all the banks. the banks did well. it's an inexpensive stock. >> and monster run the past year 689 monster run. >> huge run. countrywide did not. ever since buffett -- buffett is a brilliant investor. warren buffett got that preferred. called the bottom on the bank of america. >> dow sitting on a four-point gain. apple not that far away from the november lows of 505. last check at 514. here's what's next on "squawk on the street." >> coming up, before you start taking off your friday trades, listen to what cramer says. don't worry, it will only take a minute. 6 stocks in 60 minutes, "squawk on the street" will be right back. with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at
with brian moynihan in washington. laying out a frimwork where mortgage deduction is not hurt, or not taken away, not limited by any means by capitol hill. >> there's a lot of worries about the interest margin for all the banks. the banks did well. it's an inexpensive stock. >> and monster run the past year 689 monster run. >> huge run. countrywide did not. ever since buffett -- buffett is a brilliant investor. warren buffett got that preferred. called the bottom on the bank...
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"the washington post's" eugene robinson. also "fortune" magazine dubbed her the new queen of wall street. we're going to talk to alexander lebenthal on how she quickly became one of the most powerful people in new york. >>> up next, though, one of the most powerful men in washington, mike allen with the top stories in the "politico playbook." >>> but first -- >> oh, no, dude! it's about contrast, okay? if you're going with a dark -- no. >> no? >> the funeral director look? that's not what you wanted? >> i think you've gone from ukrainian to bulgarian. >> bill, i get the feeling on your time off you wear hawaiian shirts and shorts and flip-flops. >> that's usually more than what i wear. yeah. that's good. >> here we go again. he can't help himself. give this guy more than three consecutive minutes on the air, suddenly he's hef. >> all right. let's just get the forecast for the weekend. shall we? >> let's do that, why don't we. new tie. good morning, everyone. we have sunshine out there this morning. it's going to be a beautif
"the washington post's" eugene robinson. also "fortune" magazine dubbed her the new queen of wall street. we're going to talk to alexander lebenthal on how she quickly became one of the most powerful people in new york. >>> up next, though, one of the most powerful men in washington, mike allen with the top stories in the "politico playbook." >>> but first -- >> oh, no, dude! it's about contrast, okay? if you're going with a dark -- no....
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in washington you make minimum prices. she's the sacrificial lamb. >> gretchen: i totally agree with you, it was the senator from maine, that that was -- collins, that was it, because she is the moderate. if you couldn't get the moderates on board. but here is my question for you, does this mean that benghazi goes away now? because now there is all this talk that hillary clinton, she was going to testify december 20, now she may not because there may be this bombshell report that's coming out and maybe hillary clinton wants to run for president. >> that's a lot there. remember munich, 1972, the israeli athletes are massacred by the palestinian radicals in the olympic games. all right. then you have for the next decade the israelis hunting down the perpetrators and killing the people who perpetrated the mass murder of the israeli athletes. that's the armed forces approach, or the sending seal team 6 against osama bin laden. that's the military approach. what's happening in benghazi is pretty clear to me. it's a law enforcem
in washington you make minimum prices. she's the sacrificial lamb. >> gretchen: i totally agree with you, it was the senator from maine, that that was -- collins, that was it, because she is the moderate. if you couldn't get the moderates on board. but here is my question for you, does this mean that benghazi goes away now? because now there is all this talk that hillary clinton, she was going to testify december 20, now she may not because there may be this bombshell report that's coming...